LOS ANGELES KOREAN-AMERICAN MUSICIANS' ASSOCIATION

EIN: 460635838 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$227,621
Total Expenses
$221,997
Total Assets
$1,727
Net Assets
$1,727
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
IM SANG YOON
Phone
2132393573
Tax Period
2024-01-01 to 2024-12-31

LOS ANGELES KOREAN-AMERICAN MUSICIANS' ASSOCIATION, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2024.

Mission

WE HELP PEOPLE THROUGH MUSIC!

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $227,621
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $227,621

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $218,267
Other Expenses $221,997
TOTAL EXPENSES $221,997

Year-over-Year Comparison

2024 2023 Change
Revenue $227,621 $214,452 +0.1%
Expenses $221,997 $223,206 0.0%
Net Income $5,624 $-8,754 -1.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
40

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEUNG HO CHOI PRESIDENT 0.00
Officer
$0 $0 $0
IM SANG YOON SECRETARY 0.00
Officer
$0 $0 $0
WI YOUNG OH C F O 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $227,621 $221,997 $1,727 $5,624
2022 $216,259 $214,017 $4,856 $2,242
2021 $66,824 $66,144 $2,613 $680
2020 $13,426 $14,321 $1,934 $-895
2018 $162,906 $167,127 $2,138 $-4,221
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